Slovenia: Schoenherr advises Conda on platform rollout

Schoenherr Ljubljana has advised web-based crowdinvesting platform operator CONDA AG on a variety of legal aspects in relation to the successful roll-out and establishment of the first-ever internet crowdinvesting platform in Slovenia.

Since Slovenia has not yet adopted the special set of rules dealing with peer-to-peer financing, as some other EU countries have, the project had to be structured in accordance with (and assessed against) the existing regulatory framework that was not tailor-made for the respective financing regime (ie, regulation of financial services, payment services, banking activity, consumer protection etc). In this regard, Schoenherr held consultations with and obtained clearance from different regulatory and government bodies, which confirmed compliance of the contemplated structure with applicable legislation (without any specific license requirements).